Global X ETFs launches four China-related funds

Global x, ETFs, China, funds, launchesGlobal X ETFs has launched four China-related Ucits products, including for cloud computing and biotech themes.

The ETFs offer strong long-term global growth prospects, said the firm, and seek to profit from China’s recent economic reopening following several years of strict zero-covid measures.

The funds are the Global X China Cloud Computing Ucits ETF (CCLD), Global X China Biotech Ucits ETF (CBIO), Global X China Electric Vehicle and Battery Ucits ETF (CAUT) and Global X China Clean Energy Ucits ETF (CCLN).

The four strategies will be listed on London Stock Exchange and carry an expense ratio of 0.68%.

Global X ETFs said China has prevailed as a global leader in cloud computing after receiving strong government support, while China’s healthcare sector, which is forecasted to be worth $2.4 trillion by 2030, underpinned the biotech ETF.

Rob Oliver, head of business development, Europe, for Global X ETFs, said: “The Chinese government has shifted its investment focus toward technology and sustainability, which creates key opportunities for investors following its recent economic re-opening.”

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